CubicFarms and Deloitte join forces on new carbon commercialization program

Building on university research confirming greenhouse gas emission reductions from using its indoor growing technologies, CubicFarm announced that its HydroGreen division has entered into an agreement with Deloitte LLP to develop a carbon commercialization program designed to provide high-quality carbon credits to a fast-growing global market.

HydroGreen’s commercial-scale Automated Vertical Pastures technology helps meet the increasing demand for valuable farm-based inset and offset carbon credits from all manner of organizations with net-zero goals. 

New research data demonstrates that feeding cows fresh livestock feed grown indoors in the Company’s Automated Vertical Pastures significantly reduces methane emissions.

HydroGreen is working with Deloitte’s advisory team to further quantify the extent to which Automated Vertical Pastures™ can deliver carbon insets and offsets. Third-party standards, such as Verra, can then be used to monetize GHG emission reductions by converting them into tradeable carbon credits.

“With about a third of global methane emissions coming from livestock, this data validates the GHG-reducing power of local chain ag-tech like never before,” said Dan Schmidt, President, HydroGreen. “HydroGreen is unrivaled in the plant science and animal performance benefits of its automated indoor growing system for fresh forage. We’re excited to develop HydroGreen’s carbon program with Deloitte and ultimately make a huge difference in reducing global methane levels one cow at a time, every year, for years to come.”

“We’re thrilled to develop a carbon program for HydroGreen by leveraging our extensive background in carbon management for agriculture and livestock,” said Nathan Steeghs, a Partner in Deloitte’s Sustainability & Climate Change practice. “We need to focus on tech solutions that can help close the emissions gap in getting to net-zero, and we believe in investing in solutions that are commercially viable today and technologies that have the potential to unlock significant carbon reductions for future generations.”

Researchers gathered over 200,000 data points during a comparison study with 344 jersey dairy cows and 244 beef cattle. Results demonstrated how hydroponically sprouted grains grown in HydroGreen’s Automated Vertical Pastures™ not only reduce methane in dairy cows and beef cattle but also improve feed efficiency, cow health, nutrition, and performance outcomes.

“HydroGreen’s new carbon credit program delivers on-farm methane reductions that can be used by companies to effectively meet their urgent net-zero requirements,” said Yoav Levsky, commercial dairy innovator, Chair, and Partner of Total Dairy Solutions U.S.A., a global leader in dairy farm solutions. “We see HydroGreen’s technology as one of the world’s most valuable patents for addressing climate change with meaningful livestock methane reductions.”

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